Lsg Subsea Ltd

LSG Subsea Ltd, based in Insch, UK, is a small, active company founded three years ago. With four employees and £69,465 in assets, it’s a relatively modest operation run by two directors and a single owner, Neill Mark. The company's address is real, with only two other companies registered there. LSG Subsea is a regular importer, specializing in machinery, boilers, and mechanical appliances; parts, with 23 months of import activity recorded, the latest in December 2024.

The company's website highlights its focus on ROV robotics, tooling, rentals, and sales, serving the underwater survey markets. Based in Aberdeenshire, it emphasizes a personal and responsive service, building on over 30 years of combined industry experience. The site showcases its products and services, inviting customers to call, email, or visit its location at Kellock Business Park.

Financially, LSG Subsea Ltd presents a mixed picture. Cash reserves have increased significantly, jumping 810% to £19,000, which is good news. However, net assets have decreased by 65%, landing at -£97,000, a worrying trend. Creditors have also risen by 35%, and current assets have fallen by 7.4% to £69,000. Future minimum lease payments have increased by 94%, and the company's average number of employees during the period has dropped by 50%, from four to just two. It's a small company, meeting two of three criteria for small business status: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company, so the figures are unaudited.

The company operates in the other professional, scientific and technical activities n.e.c. industries. While the increase in cash is encouraging, the declining equity and rising debt suggest LSG Subsea Ltd may be burning through money. The drop in employee numbers could indicate cost-cutting measures, or perhaps a shift in operational strategy.

Registered in Scotland under the registration number SC724528, with a registered address at AB52 6TY, United Kingdom, Insch, Aberdeenshire, Kellock Business Park, Unit 4 Kellock Business Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.